“Larry Kudlow is President Donald Trump’s choice to replace Gary Cohn as director of the National Economic Council (NEC). Cohn spent over 25 years at Goldman Sachs, and was president and COO for ten years before he joined the Trump administration. Past NEC directors have had law degrees from Yale or Harvard or Cornell, MBAs from Harvard or Wharton (not a bachelor’s with an economics major like the president), a Ph. D in economics from Harvard or MIT, decades of business experience, or taught at the London School of Economics,

Kudlow has a bachelor’s degree from the University of Rochester and did not complete a master’s degree in economics at Princeton. He has worked at a junior level at the Federal Reserve Bank of New York, and also in the Reagan Office of Management and Budget. He worked at Bear Stearns from 1987 to 1994, until he was fired for cocaine abuse. After working for Arthur Laffer’s firm, he got into journalism, most notably hosting a business show on CNBC.

He also has a penchant for making wildly incorrect predictions and assurances about the economy. Here are a few

Kudlow recommended buying stocks in September 2008…

Kudlow said invading Iraq in 2002 would boost the economy…

Kudlow denied the existence of the housing bubble in 2005…

Kudlow lauded the ‘Bush Boom’ on the eve of the Great Recession and ridiculed ‘pessimistas…’

Kudlow dismissed the seriousness of the Great Recession in February 2008In July 2008…